Life Insurance Direct What Are The Pros And Cons Of Term Insurance | страница 14

Pro –It usually has a guaranteed minimum death benefit. That is to say that, even if a person
doesn’t wisely use some of the money in the plan, there is usually a point where they can’t spend
anymore, because of the minimum guaranteed benefit. This acts like a kind of a safety net for
those adventurous investors.
Pro – Premiums are flexible. This is great for people who need an insurance policy that can fit the
needs of a fluctuating budget. For the good times, one can pay higher premiums than they need
to and they can even pay lower premiums when their budgets are tight. For those lean times,
they are also permitted to skip the occasional one.